SPHR

Sphere Entertainment (SPHR) Price Target Increased by 23.43% to 44.06

The average one-year price target for Sphere Entertainment (NYSE:SPHR) has been revised to 44.06 / share. This is an increase of 23.43% from the prior estimate of 35.70 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 40.40 to a high of 50.40 / share. The average price target represents an increase of 7.82% from the latest reported closing price of 40.87 / share.

What is the Fund Sentiment?

There are 423 funds or institutions reporting positions in Sphere Entertainment. This is an increase of 15 owner(s) or 3.68% in the last quarter. Average portfolio weight of all funds dedicated to SPHR is 0.15%, a decrease of 9.05%. Total shares owned by institutions increased in the last three months by 11.48% to 37,869K shares. SPHR / Sphere Entertainment Co. Put/Call Ratios The put/call ratio of SPHR is 0.58, indicating a bullish outlook.

What are Other Shareholders Doing?

SPHR / Sphere Entertainment Co. Shares Held by Institutions

Ariel Investments holds 4,983K shares representing 14.18% ownership of the company. In it's prior filing, the firm reported owning 4,607K shares, representing an increase of 7.55%. The firm decreased its portfolio allocation in SPHR by 61.23% over the last quarter.

Jericho Capital Asset Management holds 2,436K shares representing 6.93% ownership of the company. In it's prior filing, the firm reported owning 1,699K shares, representing an increase of 30.27%. The firm increased its portfolio allocation in SPHR by 17.91% over the last quarter.

ARGFX - Ariel Fund Investor Class holds 2,111K shares representing 6.01% ownership of the company. In it's prior filing, the firm reported owning 2,529K shares, representing a decrease of 19.83%. The firm increased its portfolio allocation in SPHR by 23.94% over the last quarter.

Price T Rowe Associates holds 1,718K shares representing 4.89% ownership of the company. In it's prior filing, the firm reported owning 1,679K shares, representing an increase of 2.25%. The firm decreased its portfolio allocation in SPHR by 14.28% over the last quarter.

TRMCX - T. Rowe Price Mid-Cap Value Fund holds 961K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 1,270K shares, representing a decrease of 32.15%. The firm increased its portfolio allocation in SPHR by 11.34% over the last quarter.

Sphere Entertainment Background Information
(This description is provided by the company.)

Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment experiences. The Company presents or hosts a broad array of events in its diverse collection of venues: New York's Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre. MSG Entertainment is also building a new state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian, and has announced plans to build a second MSG Sphere in London, pending necessary approvals. In addition, the Company features the original production - the Christmas Spectacular Starring the Radio City Rockettes - and through Boston Calling Events, produces the Boston Calling Music Festival. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including Tao, Marquee, Lavo, Avenue, Beauty & Essex and Cathédrale.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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